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Des Moines

Learn about the people, housing, costs and businesses in Des Moines, New Mexico

Median Home$122,700
Median Rent$683/month
Population115
Leading IndustriesProfessional Services · Construction · Agriculture & Mining6% professional services
Retirees23% of residentsslightly above average
Homeowners73% of occupied units
NotableAffordable Market$123k median home · lower cost than 83% of the country
Des Moines
NM

Frequently Asked Questions

What are today's mortgage rates in Des Moines?

As of today, the 30-year fixed mortgage rate for Des Moines is approximately 6.995% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Des Moines
What is the median home price in Des Moines?

The median home value in Des Moines is $123k. The median monthly rent is $683. Annual property taxes average $859. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Des Moines?

Based on a typical all-in ownership cost of $687/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Des Moines is $47k/year.

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What industries drive the economy in Des Moines?

The largest employment sectors in Des Moines are agriculture and mining (21%) and construction (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.